PuraDYN Filter Technologies Inc. announced a net sales gain of 65% to $604,644, up from 1Q 2001 net sales of $365,454.
President & COO Kevin G. Kroger said the results for the quarter were in line with management benchmarks.
Costs and expenses for the quarter were $1.4 million, down from $1.7 million for the year-ago quarter. The first quarter net loss was $750,863, compared with a net loss of $1.1 million for the same period last year.
"We had several significant highlights including aftermarket distribution agreements and increased sales from both new and existing customers," Kroger said. "We remain focused on our future growth and optimistic that this increased revenue trend will continue throughout the year."